Mortgage Payment Calculator for Spokane, WA
Updated 2026 · Local data pre-filled
The median home price in Spokane, WA is $310,000, with an effective property tax rate of 0.92% — below the national average of 1.10%. We've pre-filled the calculator with local figures so your estimate reflects what buyers actually pay in Spokane.
✓ Calculator below is pre-filled with Spokane local data
How Spokane Compares to the National Average
Understanding how Spokane stacks up helps you calibrate your financial planning.
| Metric | Spokane, WA | US Average | Difference |
|---|---|---|---|
| Median Home Price | $310,000 | $420,800 | -26.3% |
| Median Monthly Rent | $1,050 | $1,713 | -38.7% |
| Median Household Income | $59,200 | $74,580 | -20.6% |
| Property Tax Rate | 0.92% | 1.10% | -16.4% |
| Cost of Living Index | 94 | 100 | -6.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Spokane Financial Snapshot
- Population (Metro)
- 590,000
- Unemployment
- 4.2%
- Avg Commute
- 21 min
- Median Age
- 37
- Price-to-Rent Ratio
- 24.6x
- Annual Property Tax
- $2,852
Frequently Asked Questions — Spokane
What is the median home price in Spokane, WA?
The median home price in Spokane is $310,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Spokane?
Median monthly rent in Spokane is $1,050. That works out to $12,600/year, or 21% of the median household income — within the commonly recommended 30% of income guideline.
Is Spokane affordable?
Spokane's cost of living index is 94 vs. the national average of 100. With a median household income of $59,200/year and a median home price of $310,000, the price-to-income ratio is 5.2x. Spokane falls in the middle of the affordability spectrum for US cities.
What is the property tax rate in Spokane?
The effective property tax rate in Spokane is 0.92% of assessed value. On the median home of $310,000, that's roughly $2,852/year ($238/month).